ChainThink reports that on August 4, according to TradingBeats monitoring, a single address placed six large orders on Hyperliquid across five popular assets—SKHX, MU, SNDK, SPCX, and CXMT—with a combined notional value of approximately $30.442 million.
Among these, the new buy order for SNDK at $1,187 is the only new position order; the instrument is currently trading at $1,292, with Q4 and full-year earnings scheduled for release on August 5.
The SNDK address 0x0ad9 holds approximately $5.028 million in long positions, has placed a $2.5 million buy order at $1,187, and has placed a $5.435 million sell order to reduce positions at $1,397.
The SPCX address 0x0871 holds approximately $5.797 million in long positions and has placed a $7.65 million sell order to reduce exposure at $153; the asset is currently trading at $115.98, following its first earnings report post-listing and lock-up expiration.
Additionally, the SKHX address 0x364a has placed a sell order for approximately $7.162 million in position reduction, aiming to close the position near $1,305;
Address 0x0ad9 for MU has placed a sell order worth $4.5 million to reduce its position by approximately 47.3%; address 0x934d for CXMT has placed a sell order worth approximately $3.195 million at $12.5, covering its entire position.